Highland council targets Industrial sites for rent increases

14th February 2019

Additional Income projected £216k of is projected for thenext three years -

2019/20 - £118,000

2020/21 - £58,000

2021/22 - £40,000

Through a proactive approach to lease extensions (with premiums) and increases in rental income the council will seek to maximise the performance of the industrial and investment portfolio, including selling off poor performing industrial sites and focusing investment on high performing, high rental sites and properties.

Net income £2.776m - excludes income for the Housing Revenue Account and Inverness Common Good Fund.

Additional Income projected £216k

 

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